Friday, August 05, 2016 11:26:25 AM
small snip from Oil& energy insider premium edition today.
oilprice.com
R5
credit to oilprice.com
Inside Investor with Daniel Dicker
Is There More Value In Natural Gas?
Silver Run finally has made its big move, acquiring a majority stake in the private oil company Centennial. I've read the release from Silver Run and I'll say I'm not totally sure what it says, with Silver Run ultimately becoming the "development" arm for Centennial. What I do know is that Mark Papa will be heading an oil company again, Silver Run walks into some really prime acreage in the super-hot Permian, does it with no debt, and has the support of private equity powerhouse Riverstone Holdings, which will allow Papa to develop those resources at his own pace. That's starting in the oil game way ahead of most. I think I have to wait for the Centennial initial public offering now -- and if it comes when oil is trading above $50, it'll pop big again.
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